Ghe LLC Makes New $1.35 Million Investment in Ulta Beauty, Inc. (NASDAQ:ULTA)

GHE LLC purchased a new position in shares of Ulta Beauty, Inc. (NASDAQ:ULTA - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,456 shares of the specialty retailer's stock, valued at approximately $1,345,000.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC increased its stake in shares of Ulta Beauty by 71.7% during the second quarter. Choreo LLC now owns 2,868 shares of the specialty retailer's stock worth $1,103,000 after acquiring an additional 1,198 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Ulta Beauty by 10.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 89,799 shares of the specialty retailer's stock worth $46,954,000 after purchasing an additional 8,337 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Ulta Beauty during the 2nd quarter worth approximately $19,136,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Ulta Beauty by 5.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,778 shares of the specialty retailer's stock valued at $1,072,000 after buying an additional 139 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Ulta Beauty by 24.8% in the first quarter. Sei Investments Co. now owns 54,124 shares of the specialty retailer's stock valued at $28,301,000 after buying an additional 10,756 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ULTA has been the topic of several research analyst reports. The Goldman Sachs Group decreased their target price on shares of Ulta Beauty from $475.00 to $412.00 and set a "neutral" rating on the stock in a research report on Monday, August 12th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Ulta Beauty from $426.00 to $424.00 and set a "buy" rating on the stock in a report on Wednesday, October 9th. TD Cowen reduced their price target on shares of Ulta Beauty from $390.00 to $380.00 and set a "hold" rating for the company in a research report on Thursday, October 17th. Raymond James lowered their price target on Ulta Beauty from $450.00 to $440.00 and set an "outperform" rating on the stock in a report on Monday, October 14th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $435.00 price objective on shares of Ulta Beauty in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twelve have given a buy rating to the company's stock. According to data from MarketBeat, Ulta Beauty currently has an average rating of "Hold" and an average target price of $420.71.

Ulta Beauty Trading Up 0.8 %

Shares of ULTA traded up $2.95 during mid-day trading on Wednesday, reaching $382.74. The company had a trading volume of 623,933 shares, compared to its average volume of 961,641. Ulta Beauty, Inc. has a fifty-two week low of $318.17 and a fifty-two week high of $574.76. The firm has a fifty day simple moving average of $379.28 and a 200-day simple moving average of $379.63. The stock has a market cap of $18.03 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.18 and a beta of 1.33.

Ulta Beauty (NASDAQ:ULTA - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The specialty retailer reported $5.30 earnings per share for the quarter, missing analysts' consensus estimates of $5.47 by ($0.17). Ulta Beauty had a net margin of 10.68% and a return on equity of 54.02%. The business had revenue of $2.55 billion for the quarter, compared to analyst estimates of $2.61 billion. During the same period last year, the firm earned $6.02 earnings per share. The company's quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts predict that Ulta Beauty, Inc. will post 23.07 EPS for the current fiscal year.

Ulta Beauty Profile

Ulta Beauty, Inc operates as a specialty beauty retailer in the United States. The company offers branded and private label beauty products, including cosmetics, fragrance, haircare, skincare, bath and body products, professional hair products, and salon styling tools through its Ulta Beauty stores, shop-in-shops, Ulta.com website, and its mobile applications.